Inwit S.p.A. : A trend reversal is underway
Entry price | Target | Stop-loss | Potential |
---|
€9.15 |
€8 |
€9.71 |
+12.55% |
---|
The chart of shares in Infrastrutture Wireless Italiane S.p.A. exhibits signs of a downward reversal suggesting that a correction phase is in its beginning.
Summary● For a short-term investment strategy, the company has poor fundamentals.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 7.4 EUR
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● One of the major weak points of the company is its financial situation.
● Based on current prices, the company has particularly high valuation levels.
● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 40.87 times its estimated earnings per share for the ongoing year.
● Analysts covering the stock have recently lowered their earnings forecast.
● For the last few months, analysts have been revising downwards their earnings forecast.
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